Westport (WPRT) Positioned Well as More Trucks Turn to Nat Gas - Cramer

September 4, 2013 10:02 AM EDT Send to a Friend
Westport Innovations Inc. (Nasdaq: WPRT) shares are lower Wednesday, though it might be the right time to take a second look at the company. The stock is down over 14 percent following its Q2 report and guidance update issued August 1st.

Tuesday night, Westport CEO David Demmers spoke with Jim Cramer.

Demmers noted that just 1 percent of all trucks in the U.S. are running on natural gas. However, the trendline points to solid growth in the segment and many in the industry are racing to build the proper infrastructure to meet expected demand. Nat gas is cleaner and cheaper than diesel, Demmers said, and its wide availability in the U.S. and China will make it a popular energy source for years to come.

Wesport also has a solid partnership with Ford (NYSE: F); its technology is included in 11 vehicles and it will also be in the F-150 starting next year.

Finally, Demmers noted that Westport's cash burn is dropping and the company has no immediate plans to raise cash.

Cramer shared Demmers sentiment and said it might be time for investors to take a second look at the company.


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